bitcoin and money laundering

[Nicolas Dorier]

The black market would be more trades deemed wrong by people as a society

And this is true, as long as you understand that society is different than government. Government does not represent society. And is a separate entity.

Government seen as an association of free actors whose purpose is to solve prisoner's dilemma type of problem (which can only be solved by external observer) is good.
But, when those free actors are forbidden to dissociate this is coercion.

[DannyElfman]

Re: bitcoin and money laundering

Money are never dirty, and can therefore not be laundered. Money are always divine.

This is not always true, as if you acquired money in an illegitimate manor, or if the specific money can link you to a specific crime, then it is considered to be "dirty" 

[BoxControl]

Re: bitcoin and money laundering

Money are never dirty, and can therefore not be laundered. Money are always divine.

This is not always true, as if you acquired money in an illegitimate manor, or if the specific money can link you to a specific crime, then it is considered to be "dirty" 

Money acquired in an illegitimate manner is only "dirty", if it can be directly connected to the crime.

[leezay]

Getting harder to cash out large sum of bitcoin as all exchanges are now regulated.

[BoxControl]

Getting harder to cash out large sum of bitcoin as all exchanges are now regulated.

Local Bitcoins then?

[OROBTC]

...

@ leezay

There are several companies that advertise on the Internet that they will take your Bitcoin for gold.

Gold is the ONLY thing I have spent BTC on...

[heisenberg19]

emm... nothing is perfect, we just have to know how use them

[leezay]

Getting harder to cash out large sum of bitcoin as all exchanges are now regulated.

Local Bitcoins then?

Not that many localbitcoin buyer will carry large amount of cash to do on site trade. Risk of getting robbed is high also.

[98problems]

Getting harder to cash out large sum of bitcoin as all exchanges are now regulated.

Local Bitcoins then?

LBC sellers are technically suppose to comply with AML regulations, although many of them do not do so. You would probably need to sell over several trades if you wanted to cash out a large amount.

[LostDutchman]

Getting harder to cash out large sum of bitcoin as all exchanges are now regulated.

Local Bitcoins then?

LBC sellers are technically suppose to comply with AML regulations, although many of them do not do so. You would probably need to sell over several trades if you wanted to cash out a large amount.

LBC users are in no way at all required to comply with AML regs any more than the seller of a used car is required to do so.

[PinkRanger]

Getting harder to cash out large sum of bitcoin as all exchanges are now regulated.

Local Bitcoins then?

LBC sellers are technically suppose to comply with AML regulations, although many of them do not do so. You would probably need to sell over several trades if you wanted to cash out a large amount.

LBC users are in no way at all required to comply with AML regs any more than the seller of a used car is required to do so.

I have read news reports that LE has charged LBC sellers with AML violations when they sold to people who we're claiming to be using the bitcoin for illegal purposes

[LostDutchman]

Getting harder to cash out large sum of bitcoin as all exchanges are now regulated.

Local Bitcoins then?

LBC sellers are technically suppose to comply with AML regulations, although many of them do not do so. You would probably need to sell over several trades if you wanted to cash out a large amount.

LBC users are in no way at all required to comply with AML regs any more than the seller of a used car is required to do so.

I have read news reports that LE has charged LBC sellers with AML violations when they sold to people who we're claiming to be using the bitcoin for illegal purposes

Fine.

Where's the beef?

Show us the links!

And please tell us just how a transaction which might appear to be illegal on it scae compares with a perfectly legal transaction between two ordinary citizens.

oh

It's "were" not "we're".

[thriftshopping]

Getting harder to cash out large sum of bitcoin as all exchanges are now regulated.

Local Bitcoins then?

LBC sellers are technically suppose to comply with AML regulations, although many of them do not do so. You would probably need to sell over several trades if you wanted to cash out a large amount.

LBC users are in no way at all required to comply with AML regs any more than the seller of a used car is required to do so.

I have read news reports that LE has charged LBC sellers with AML violations when they sold to people who we're claiming to be using the bitcoin for illegal purposes

Fine.

Where's the beef?

Show us the links!

And please tell us just how a transaction which might appear to be illegal on it scae compares with a perfectly legal transaction between two ordinary citizens.

oh

It's "were" not "we're".

I have seen the report to. It was in Miami, this guy was charging 30%+ markup on trades to people. An undercover cop told the seller that he was going to use the bitcoin for illegal purposes and he was arrested for violating AML laws. I have also seen on the FinCen website that anyone who transmits any amount of financial instruments must follow AML laws.

[LostDutchman]

Getting harder to cash out large sum of bitcoin as all exchanges are now regulated.

Local Bitcoins then?

LBC sellers are technically suppose to comply with AML regulations, although many of them do not do so. You would probably need to sell over several trades if you wanted to cash out a large amount.

LBC users are in no way at all required to comply with AML regs any more than the seller of a used car is required to do so.

I have read news reports that LE has charged LBC sellers with AML violations when they sold to people who we're claiming to be using the bitcoin for illegal purposes

Fine.

Where's the beef?

Show us the links!

And please tell us just how a transaction which might appear to be illegal on it scae compares with a perfectly legal transaction between two ordinary citizens.

oh

It's "were" not "we're".

I have seen the report to. It was in Miami, this guy was charging 30%+ markup on trades to people. An undercover cop told the seller that he was going to use the bitcoin for illegal purposes and he was arrested for violating AML laws. I have also seen on the FinCen website that anyone who transmits any amount of financial instruments must follow AML laws.

Dumbass, meet cop.

[leezay]

Getting harder to cash out large sum of bitcoin as all exchanges are now regulated.

Local Bitcoins then?

LBC sellers are technically suppose to comply with AML regulations, although many of them do not do so. You would probably need to sell over several trades if you wanted to cash out a large amount.

LBC users are in no way at all required to comply with AML regs any more than the seller of a used car is required to do so.

I have read news reports that LE has charged LBC sellers with AML violations when they sold to people who we're claiming to be using the bitcoin for illegal purposes

Fine.

Where's the beef?

Show us the links!

And please tell us just how a transaction which might appear to be illegal on it scae compares with a perfectly legal transaction between two ordinary citizens.

oh

It's "were" not "we're".

I have seen the report to. It was in Miami, this guy was charging 30%+ markup on trades to people. An undercover cop told the seller that he was going to use the bitcoin for illegal purposes and he was arrested for violating AML laws. I have also seen on the FinCen website that anyone who transmits any amount of financial instruments must follow AML laws.

Should be wary of buyer paying 30% premium.

[LostDutchman]

Getting harder to cash out large sum of bitcoin as all exchanges are now regulated.

Local Bitcoins then?

LBC sellers are technically suppose to comply with AML regulations, although many of them do not do so. You would probably need to sell over several trades if you wanted to cash out a large amount.

LBC users are in no way at all required to comply with AML regs any more than the seller of a used car is required to do so.

I have read news reports that LE has charged LBC sellers with AML violations when they sold to people who we're claiming to be using the bitcoin for illegal purposes

Fine.

Where's the beef?

Show us the links!

And please tell us just how a transaction which might appear to be illegal on it scae compares with a perfectly legal transaction between two ordinary citizens.

oh

It's "were" not "we're".

I have seen the report to. It was in Miami, this guy was charging 30%+ markup on trades to people. An undercover cop told the seller that he was going to use the bitcoin for illegal purposes and he was arrested for violating AML laws. I have also seen on the FinCen website that anyone who transmits any amount of financial instruments must follow AML laws.

Should be wary of buyer paying 30% premium.

I'm going to go ahead and get my book written so you guys and dolls can learn how to get around all thiese silly-assed "regulations".

[polynesia]

Re: bitcoin and money laundering

Money are never dirty, and can therefore not be laundered. Money are always divine.

I believe the origin of 'money laundering' is related to black money.
You 'launder' black money into white.

[Erdogan]

Re: bitcoin and money laundering

Money are never dirty, and can therefore not be laundered. Money are always divine.

I believe the origin of 'money laundering' is related to black money.
You 'launder' black money into white.

All this will now have to be abandoned. Money is money, and crimes will have to be dealth with separately.

[polynesia]

All this will now have to be abandoned. Money is money, and crimes will have to be dealth with separately.

I can foresee special crime investigation teams, which have expertise in bitcoin, being set up. 
Already you have crimes involving bitcoin shooting up.

[Harley997]

Getting harder to cash out large sum of bitcoin as all exchanges are now regulated.

Local Bitcoins then?

LBC sellers are technically suppose to comply with AML regulations, although many of them do not do so. You would probably need to sell over several trades if you wanted to cash out a large amount.

LBC users are in no way at all required to comply with AML regs any more than the seller of a used car is required to do so.

I have read news reports that LE has charged LBC sellers with AML violations when they sold to people who we're claiming to be using the bitcoin for illegal purposes

Fine.

Where's the beef?

Show us the links!

And please tell us just how a transaction which might appear to be illegal on it scae compares with a perfectly legal transaction between two ordinary citizens.

oh

It's "were" not "we're".

I have seen the report to. It was in Miami, this guy was charging 30%+ markup on trades to people. An undercover cop told the seller that he was going to use the bitcoin for illegal purposes and he was arrested for violating AML laws. I have also seen on the FinCen website that anyone who transmits any amount of financial instruments must follow AML laws.

Should be wary of buyer paying 30% premium.

It was the seller asking for these kinds of premiums. IMO the seller was targeting people who were trying to use bitcoin for illegal purposes and wanted to stay "under the radar"